Business
Labrador Gold Outlines Gold Mineralization Over Three Kilometres
VANCOUVER, British Columbia, March 01, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V:LAB) (“Labrador Gold” or the “Company”) is pleased to announce the la
About this update from Labrador Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, March 01, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V:LAB) (“Labrador Gold” or the “Company”) is pleased to announce the latest results of sample assays from the Hopedale Gold Project in Labrador. Rock samples from the Florence Lake Greenstone Belt (FLGB) assayed up to 7.87 g/t Au and confirm historical results from the northern portion of the belt in the Thurber Dog area. The Company’s reconnaissance exploration program in the FLGB, one of two greenstone belts comprising the Hopedale project, consisted of soil and lake sediment sampling in addition to prospecting. Results of the soil and lake sediment sampling demonstrated the potential for gold mineralization along the entire length of the FLGB with anomalous gold in soil samples found over an approximately 40 kilometre strike length of the belt (see News Release dated January 25, 2018). Initial prospecting during the exploration program collected 35 rock samples with subsequent assays indicating a gold content up to 7.87 g/tonne (range <5ppb to 7.87) in a composite grab sample from carbonatized ultramafic rock. Labrador Gold’s data, combined with results of work during the 80s and 90s, show a trend of significant gold anomalies in rocks and soils stretching over a 3km strike length that encompasses the known Thurber Dog gold showings. In addition to the gold values found by Labrador Gold, highlights of historical data include grades of 3.97 g/t Au in a 5m chip channel sample of a quartz carbonate vein with 4.1 g/t Au in a sample from the wall rock to the vein and 1.89 g/t Au in 6m chip channel sample through a quartz vein containing arsenopyrite. (See figures at https://www.labradorgold.com/portfolio/hopedale). Highlights of Labrador Gold and historical assays of rock samples from the FLGB Sample Number Northing Easting Au (g/t) Sample Description Sample Type Source 1583294 654642 6109972 5.83 Semi-massive arsenopyrite in quartz-carbonate vein with pyrite stringers near vein margin Grab A 1583297 654456 6109674 0.66 Talc-carbonate ultramafic schist with mm scale quartz-carbonate veinlets and 0.5 to 1% arsenopyrite Grab A 1583298 654642 6109972 7.87 Quartz-carbonate veins in mafic/ultramafic schist with 0.5% arsenopyrite and trace pyrite Composite grab A 1583300 654742 6111930 0.32 Magnesite altered ultramafic rock with minor fuch...